Tuesday, 10 January 2017

EPIC RESEARCH NCDEX MENTHA OIL UPDATE OF 10 JANUARY 2017

Menthaoil trading range for the day is 1033.2-1065. Mentha oil spot at Sambhal closed at 1140.20 per 1kg. Spot prices is up by Rs.6.70/-. Mentha oil prices dropped amid easing demand at the spot market. Besides, ample stocks position on increased supplies from major producing belts of Chandausi in Uttar Pradesh, too added pressure on mentha oil prices. Farmers are keeping most of the stocks in their hands, most buyers are willing to buy at these levels.